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Sunday, Aug 14, 2022

Midday Stock Roundup

The S&P 500 and the Nasdaq were flat during midday trading at 3,120.43 and 8,539.39, respectively.

The Dow Jones Industrial Average inched up 0.1% to 28,021.78.

The yield on the 10-year bond was down 1.3% to 1.81%.

Crude oil dropped 1.8% to $56.69.

Gold was up 0.3% to $1,473.


Irvine-based medical device maker Axonics Modulation Technologies (Nasdaq: AXNX) dipped 6.3% to $25.07 and a $699 million market cap. Shares are down about 15% since Thursday, when they surged following news that the company won FDA approval for its Axonics r-SNM System.


Costa Mesa-based Veritone Inc. (Nasdaq: VERI) jumped 14% to $3.23 and an $80 million market cap. Zacks Investment Research recently upgraded shares from a hold rating to a buy rating, with a $3 target price on the stock. Shares for Veritone, which provides businesses with artificial intelligence technologies, are currently trading at more than twice their average volume.


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